Pursuits
Kate Spade Said to Attract Interest From Coach, Michael Kors
- Other luxury companies outside U.S. also said to show interest
- Handbag maker was expected to kick off formal auction in Jan.
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Luxury handbag maker Kate Spade & Co. is attracting interest from high-end retailers including Coach Inc. and Michael Kors Holdings Ltd. as it pursues a sale, according to people familiar with the matter.
The two companies are speaking to their boards about the feasibility of going ahead with a bid, said the people, who asked not to be identified because the discussions are private. Kate Spade has also drawn interest from other luxury-brand companies outside of the U.S., one of the people said.